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EconomyEmploymentU.S. Employment Continues to Improve

U.S. Employment Continues to Improve

The latest Bureau of Labor Statistics Employment Situation Report shows the United States economy continues to rebound from the lockdowns due to the SARS CoV-2 virus. This report includes two measures of employment: the household survey and establishment survey.

  • Total nonfarm payroll employment rose by 467,000 in January 2022.
  • Unemployment rate remains 4.0%. This is down 2.4% from last year.
  • The number of unemployed persons remains at 6.5 million.
  • The labor participation rate is 62.2% in January.
  • The number of part time employed decreased to 3.7 million.
  • The number of persons who teleworked increased to 15.4%.

The BLS report includes revised numbers for 2021. Preliminary numbers in March – July were revised lower while other months were increased.

Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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